Senate President Francis “Chiz” Escudero on Thursday, March 6 welcomed the announcement of a joint venture between Nickel Asia Corporation and DMCI Mining Corporation to develop a nickel processing plant in the country. He called the partnership a “monumental stride” in adding...
Citing its importance for economic development, the Chamber of Commerce of the Philippine Islands (CCPI) has expressed full support for a Senate measure aimed at modernizing the country’s mining fiscal regime. Senate Bill (SB) No. 2826, or the “Enhanced Fiscal Regime for Large-Scale Metallic...
The government is seeking to maximize the country’s abundant mineral resources to utilize its potential for more high-quality job opportunities, the National Economic and Development Authority (NEDA) said on Friday, May 10. Speaking at a forum on the Philippine mining industry, NEDA Secretary...
The provincial government of Eastern Samar said it can finally monitor mining operations to ensure responsible mining and environmental protection in the province. In a statement on Wednesday, Nov. 22, Eden Ivy Balagasay, Eastern Samar provincial legal officer said this was the first vital...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The proposed "Philippine Mining Fiscal Regime Act", which seek to enhance the fiscal regime for the mining industry has gained penultimate approval in the House of Representatives. Approved on...
The Department of Finance (DOF) assured on Wednesday, Aug. 3, that the Marcos administration would create an enabling environment for mining activities to flourish in the country. At the listing of Philex Mining Corp.’s (Philex) common shares in the Philippine Stock Exchange (PSE), Finance...
TECH4GOOD Monchito Ibrahim A couple of recent technology-related developments gave a new dimension to the word 'mining.' One is related to bitcoin where mining is done to create more bitcoins and at the same time confirm transactions on the currency’s network making it more trustworthy. The other...
The Chamber of Mines of the Philippines (COMP), composed of some of the biggest mining companies in the country, has adopted a major climate change protocol to align with the global sustainability initiative among many mining companies around the world. 51395 In a statement, COMP said it has...
The Department of Finance (DOF) ordered the unconditional release of a report summarizing the results of an outside audit on large-scale metallic mines across the country. In a statement, Finance Secretary Carlos G. Dominguez III ordered the “preparation and dissemination” of a report...
The Philippine government has allowed the mining companies that were suspended and ordered closed by former Environment Secretary and late Regina Paz Lopez in 2017 to continue operating. Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said on Tuesday that the government has decided to...
The Department of Finance (DOF) wants to revive the mining industry to create jobs in rural as well as generate revenues for the government’s efforts in rebuilding the economy hit by the pandemic. At the virtual Philippine Business Conference and Expo, Finance Secretary Carlos G. Dominguez III...
